Best Rates For Multi-Year Guaranteed Annuities - YouTube

Hi there. Stan the annuity man. America's annuity agent. Undisputed. Number 1

independent agent in the country. I mean, actually the tallest one as well.

Standing in at six foot six. About 7'2 with the hair. And that's the reason

for the hat. Hey, glad you join me because you're

looking at MYGA rates like where to find the best MYGA rates out there.

MYGA meaning Multi-Year Guarantee Annuity. MYGA meaning fixed-rate annuity.

Well, short answer obviously is stantheannuityman.com or my other site MYGA

.direct. ".dot com", its ".direct". Not D-O-T. Like the period. ".direct". But i want

you to hang in there with me because i'm going to talk about MYGAs how to look for

them, how to shop for them. The good and the bad the limitations. They're

not all the same as you can may imagine. Annuity companies are like herding cats.

They kind of do their own thing. And also, at the end, i'm going to tell you how to

get the MYGA owner's manual which is great. And then me on the back, 40

pounds heavier with a double chin, with the annuity man steakhouse t-shirt.

There is no annuity man steakhouse, okay? My saying is "You own annuities for the

steak, not the sizzle." And the great part about it is I'm going to send the book and

this Willy Wonka package. So, hang in there with me. The best part of this

video other than me talking is the music intro that's getting ready to happen

right now.

Okay. So, how do you find the best rates for MYGAs? Multi-year guarantee

annuities. Now, you have to understand the kind of basics of multi-year guarantee

annuities. Let's go through them. They are the annuity industries version of a CD. A

certificate of deposit. So, for all of those haters out there that say, "I hate

all annuities", that means they hate all CDs as well. Because a MYGA is a CD. Now,

the difference is in a non-IRA account, the interest portion of a MYGA grows

tax-deferred. Whereas with a CD and a non IRA setting, you have to pay taxes on

that interest annually. That doesn't make MYGAs better than CDs. So, calm down

Sparky. What it does mean though is you can combine CDs and MYGAs for a very

nice fixed-rate ladder. Let me give you an example that had a

person call in the other day that like half a million dollars that one... And

you're probably saying, "Stan that's a lot of money." Of course, it's a lot of money. And

I'm not discounting that at all. But I'm giving you the story because it really

happened. Guy calls me, $500,000. He didn't want to put his money in the

market. They want to risk it all that stuff. And I said, "Okay." But he didn't want

to lock it in long-term which I don't think you should either.

So, I said, "Okay, let's look at both CDs and MGAs." Stan the annuity man... Stan the

annuity man. Stan the annuity man sells what? Annuities. I'm not Stan the CD

man. But I think CDs are great product. So, in combination with CDs and MYGAs,

we put together a ladder. Typically, you'll find that the CD rates are higher

than MYGA rates or more competitive like 3 years and in or 2 years and in.

The shorter durations. And then MYGAs typically... Not all the time. But typically,

beat CD rates 3 years in-out. So what we did was a 5-year ladder.

$100,000 in each segment of that ladder. So, you bought a one-year

CD, a two-year CD, a three-year MYGA, a 4-year MYGA and a 5-year MYGA. Why did

he do that? Number one, he didn't want to lock the money in long term. Number 2,

he wanted money coming do annually starting in year one in case rates

changed. And then he can roll it hopefully to a higher rate. Who knows in

this current environment at the time of this taping. So, that's a story about

trying to find rates. But the reality of if your duration

time period is like 1 to 2 years, then it's not going to be MYGAs. It's going to be

CDs. If it's a little bit further than that, up to the 5-year or

7-year time period is going to be MYGAs. But it's something we specifically

have to talk about. So, keep that in mind when you're looking at MYGA quote. I'm

going to grab my trusty pen. We're going to go to the whiteboard and I'm going to talk

to you about how to filter the MYGA quotes and find what you need. Okay. Got

the pen. We're going to the trusty whiteboard. So, we're going to walk slowly.

Here we go. There we are. MYGA, multi-year guarantee annuity. Also a

fixed-rate annuity. I want to put here it's like a CD. Annuity industry

version of a CD. Now, when you go to stantheannuityman.com or MYGA.direct

or annuities.direct, all of those I own. You're going to see the listing. When

you pull it up, you're going to be at a filter to a couple ways. Number 1,

MYGAs are regulate at the state level. So, specific

MYGAs are approved at your stay. So, you're going to see a drop-down. So,

choose your state of residence, right? And then the second thing is you're going to

see duration or years. So, that's really the 2 filters that you're going to

have when you're looking at the MYGA rates. Alright? Pick your state, pick your

duration. So, it'd be 3 years or four years or 5 years or whatever. And then

you're going to see a listing of all of the companies and their ratings. I think we

put A-M best ratings even though you can check on our site with the Comdex

rankings. All rating services, am best Moody's Stand Reports and Fitch from

acclaim's paying ability standpoint. You're going to see from top to bottom what those

rates are and we list them as compounding rates. The reason I say that

is not all MYGAs have compounding interest rates. Some have simple interest

rates. But we've what we've done, if we converted those to the compounding rate

on the right hand side that you'll see. Alright? Now, a couple things you need

to know. If you want to take interest out of a MYGA, not all my guys allow you to do

that. In other words, "Hey, Stan. I want to put money in. I don't want to touch the

principal. I just want to peel off the interest." Then you'll see and the feed

that it'll show, "Can you take interest out? Yes or no.

Can you take a percentage out every year penalty-free? Yes or No." So, not all of

them are the same. So, when we talk, when you go to stantheannuityman.com and

interact with us there and we have conversations, I'm going to say, "Hey,

do you want... Do you want interest or do you not care at all and

want the highest interest rate?" If you think logically about it, if a company is

not allowing you to take interest out of the policy during that duration, let's

just for example say 5 years, then they are going to offer the typically

the highest percentage annual yield as opposed to the companies that offer

liquidity of say, taking the interest out or 5 or 10 percent liquidity during

that time period. So, that's not always the case. But just logically, that's kind of

what happens. Remember, MYGAs have no annual fees and no moving parts. The

commission's are built in and paid out of the company's reserves to the agent

--ME. And you'll see 100% of your money go to work day one and no

annual fees. It's a very simplistic way to get annual yield. And in combination

with CDs, it could be a good fit for your fixed rate or fixed income type part of

your portfolio. Okay. So, A guy call me other day me said, "Hey, I want to buy

MYGA, want to buy 5-year MYGA, But at the end of the 5-year term, I'm

probably going to convert that into an immediate annuity type payment with that

MYGA company. I said, that's fine, okay? And in every single MYGA out

there can be converted. And what they call annuitized and that means creating

payments. All of them can do that. BUT. But, you don't have to stay with that MYGA

company that you originally owned. What we'll do at the end of the duration of

that time period --in this case the gentleman bought a 5-year MYGA.

What I told him at the end of that 5-year time period, we would run an

internal quote with that carrier that he has the MYGA with and to see what their

immediate annuity payout would be. And then we'll run a separate immediate

annuity payout quote to see what all of the other carriers have. And if the other

carriers, some other carry other than the MYGA carrier who's currently with has a

higher payout, then we'll do what's called a 1035 exchange. A non-taxable

then exchange into the highest contractual guarantees. So, long story

short and we'll just put it in the back your head: The Maya is a

CD-type product, is going to pay an interest rate for a specific period of time that

you choose. But at the end. you can convert it into an income annuity. But if

we're going to do that, we're going to shop all carriers because we'll do. You

own annuity what it will do not what it might do.

And we'll dues are contractual guarantees. So, I'm always going to shop for

the highest contractual guarantee for you. Okay. So, the question begs if I'm

doing all these videos. And of course, you subscribe to Stan the annuity man

YouTube channel. Underneath, that red button, you could hit that numerous times

just to make sure you're subscribed, right? That's good. Because I'm putting

these out all the time which leads to the question. I wanted to know about

quotes but hadn't you've done a video on like what is a multi-year guarantee

annuity? Like the basics? Like the down-and-dirty definition of it? Uh-huh.

Yeah, I've done that. I've covered that. And in combination with this video, if

you watched that video and then you get my book, you're ready to go. We're ready

to talk. We're ready to shop. We're ready to find the best fixed rates available

for you with MYGAs. So, do hit the subscribe button. And either go to my site. Stan

theannuityman.com to get the book or you can click underneath that subscribe

button to the "show more info" or "more info" drop down. And you'll see a link to

a landing page. We can fill in your information --shipping information and

we'll send you the book for free. Thanks for joining.